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A In a recent survey of college professors, it was found that the average amount of money spent on entertainment each week was normally distributed with a mean of $95.25 and a standard deviation of $27.32. What is the probability that the average spending of a sample of 25 randomly-selected professors will exceed $102.50?
Compare the Auto Scaling mechanism in Amazon Web Services and Google App Engine.
The demand for boxes of nails is estimated to be Q = 100 – 5p + 2Y, where income is measured in thousands of dollars. If p = 4, and Y = 10, What is the income elasticity? ? If the equation is then re-estimated using just dollars instead of thousands ..
Cartwright Computing expects to order 600,000 memory chips for inventory during the coming year, and it will use this inventory at a constant rate. Fixed ordering costs are $300 per order; What is the economic ordering quantity for chips? How many or..
Given the market for wheat in equilibrium, assume that the government imposes a price floor on wheat. Explain what happens to the market for wheat as a result of this action? Draw and graph to fully illustrate the situation.
The price elasticity of the demand for gasoline is - 0.02. The price elasticity of demand for gasoling at Joe's 66 station is -1.2. Explain what might account for the different elasticities.
Describe a recent instance (within the last three years) of questionable ethics by an individual or corporation. Based on what you have learned in this course
Why transferring funds from saving account to the checking account will increase M1? in this case what would be happened to M 2 and M3?
What happened to leontif paradox when human capital embodied in us exports was accounted for as a separate factor of production? Does this help to explain why college students might favor international trade more than those with significantly less ed..
Which types of firms would normally maximize profits along with real-life examples? Should a firm shut down if its weekly revenue is $2,000, its variable cost is $1,000, and its fixed cost is $1,600, of which $1,200 is avoidable if it shuts down? Why..
Explain why the operations of Copper Kettle Catering conducive to the application of lean concepts and practices.
Name two products and two services whose production depends heavily on low- skilled labor. b. What would happen to the wages of the remaining low-skilled, legal workers after the deportations? c. What would happen to the prices of the goods and servi..
What are the 4 phases of the business cycle? How long does a business cycle last? What causes each phase?
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